SunSirs: The Domestic BDO Market Saw a Narrow Consolidation on January 3rd
January 06 2025 14:07:07 SunSirs (John)
Market dynamics:
On January 3rd, the BDO market in East China fluctuated within a certain range. There was temporarily no significant change in the supply and demand side, and businesses were entering the market to observe. Downstream followed up as needed, mainstream offers from cargo holders remained stable, and the market was weak and stable. BDO market in southern China was narrowly consolidated. There was no significant fluctuation in the market fundamentals, and industry players were entering the market to observe and wait. There was a stalemate in the market due to the trading of essential orders.
Price dynamics:
On January 3rd, the mainstream negotiated price for spot bulk BDO in South China was 8,500-8,700 RMB/ton, and the negotiated price for barrel BDO was 9,400-9,600 RMB/ton (delivered). The mainstream negotiated price for spot bulk BDO in East China was 8,300-8,500 RMB/ton, and the negotiated price for barrel BDO was 9,200-9,400 RMB/ton (delivered).
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